Zynga Inc. [NASDAQ: ZNGA] stock went on a downward path that fall over -0.11% on Monday, amounting to a one-week price decrease of less than -0.55%. Over the last 12 months, ZNGA stock rose by 46.77%. The one-year Zynga Inc. stock forecast points to a potential upside of 12.58. The average equity rating for ZNGA stock is currently 2.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $8.77 billion, with 952.50 million shares outstanding and 884.22 million shares in the current float. Compared to the average trading volume of 23.08M shares, ZNGA stock reached a trading volume of 25918069 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Guru’s Opinion on Zynga Inc. [ZNGA]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ZNGA shares is $10.41 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ZNGA stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Barclays have made an estimate for Zynga Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on June 09, 2020. The new note on the price target was released on April 22, 2020, representing the official price target for Zynga Inc. stock. Previously, the target price had yet another raise to $8.50, while Berenberg analysts kept a Buy rating on ZNGA stock.
The Average True Range (ATR) for Zynga Inc. is set at 0.40, with the Price to Sales ratio for ZNGA stock in the period of the last 12 months amounting to 6.01. The Price to Book ratio for the last quarter was 4.67, with the Price to Cash per share for the same quarter was set at 1.31. Price to Free Cash Flow for ZNGA in the course of the last twelve months was 44.07 with Quick ratio for the last quarter at 1.90.
ZNGA Stock Performance Analysis:
Zynga Inc. [ZNGA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.55. With this latest performance, ZNGA shares gained by 15.48% in over the last four-week period, additionally plugging by 46.77% over the last 6 months – not to mention a rise of 46.77% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ZNGA stock in for the last two-week period is set at 59.36, with the RSI for the last a single of trading hit 58.00, and the three-weeks RSI is set at 60.99 for Zynga Inc. [ZNGA]. The present Moving Average for the last 50 days of trading for this stock 7.99, while it was recorded at 9.19 for the last single week of trading, and 6.73 for the last 200 days.
Insight into Zynga Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Zynga Inc. [ZNGA] shares currently have an operating margin of -5.58 and a Gross Margin at +60.35. Zynga Inc.’s Net Margin is presently recorded at +3.17.
Return on Total Capital for ZNGA is now -3.36, given the latest momentum, and Return on Invested Capital for the company is 1.96. Return on Equity for this stock inclined to 2.35, with Return on Assets sitting at 1.44. When it comes to the capital structure of this company, Zynga Inc. [ZNGA] has a Total Debt to Total Equity ratio set at 36.27. Additionally, ZNGA Total Debt to Total Capital is recorded at 26.62, with Total Debt to Total Assets ending up at 19.57. Long-Term Debt to Equity for the company is recorded at 35.47, with the Long-Term Debt to Total Capital now at 26.03.
Reflecting on the efficiency of the workforce at the company, Zynga Inc. [ZNGA] managed to generate an average of $22,265 per employee. Receivables Turnover for the company is 11.41 with a Total Asset Turnover recorded at a value of 0.46.Zynga Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.90 and a Current Ratio set at 1.90.
ZNGA Stock EPS
With the latest financial reports released by the company, Zynga Inc. posted 0.04/share EPS, while the average EPS was predicted by analysts to be reported at 0.05/share.When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -20.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ZNGA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Zynga Inc. go to 12.50%.
Zynga Inc. [ZNGA] Insider Position Details
There are presently around $6,915 million, or 80.20% of ZNGA stock, in the hands of institutional investors. The top three institutional holders of ZNGA stocks are: VANGUARD GROUP INC with ownership of 86,073,760, which is approximately -0.336% of the company’s market cap and around 4.30% of the total institutional ownership; ARTISAN PARTNERS LIMITED PARTNERSHIP, holding 58,672,657 shares of the stock with an approximate value of $534.51 million in ZNGA stocks shares; and BLACKROCK INC., currently with $415.43 million in ZNGA stock with ownership of nearly -5.314% of the company’s market capitalization.
Positions in Zynga Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 221 institutional holders increased their position in Zynga Inc. [NASDAQ:ZNGA] by around 85,360,440 shares. Additionally, 180 investors decreased positions by around 86,108,614 shares, while 48 investors held positions by with 587,580,456 shares. The mentioned changes placed institutional holdings at 759,049,510 shares, according to the latest SEC report filing. ZNGA stock had 85 new institutional investments in for a total of 23,189,471 shares, while 42 institutional investors sold positions of 10,879,282 shares during the same period.